Cameco sees first-quarter profits rise despite uranium price slide

CP reports despite lower uranium prices, Cameco see a rise in their first-quarter profits.

The Saskatoon-based company said its earnings amounted to 36 cents per share, versus 22 cents per share in the year-earlier period. Quarterly earnings benefited from a $31-million after-tax gain on unrealized mark-to-market gains on financial instruments, whereas Cameco had posted a similar loss of $24 million in the comparable period of 2009.

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